Travis Perkins (LON:TPK) Stock Breaks Below 50-Day Moving Average – What’s Next?

Travis Perkins plc (LON:TPK)’s share price crossed below its 50 day moving average during trading on Wednesday. The stock has a 50 day moving average of GBX 605.55 and traded as low as GBX 603. Travis Perkins shares last traded at GBX 605, with a volume of 1,672,715 shares changing hands.

Wall Street Analyst Weigh In

TPK has been the subject of a number of research analyst reports. Berenberg Bank upped their target price on Travis Perkins from GBX 580 to GBX 650 and gave the company a “hold” rating in a research report on Wednesday, August 5th. JPMorgan Chase & Co. lifted their price target on Travis Perkins from GBX 630 to GBX 710 and gave the stock an “overweight” rating in a research report on Friday, August 7th. Peel Hunt reiterated a “buy” rating and issued a GBX 660 price objective on shares of Travis Perkins in a research note on Tuesday, August 4th. Deutsche Bank Aktiengesellschaft increased their price objective on Travis Perkins from GBX 470 to GBX 550 and gave the company a “sell” rating in a report on Wednesday, August 5th. Finally, Jefferies Financial Group reissued an “underperform” rating and issued a GBX 453 price objective on shares of Travis Perkins in a report on Tuesday, October 13th. Three investment analysts have rated the stock with a Buy rating, one has given a Hold rating and two have issued a Sell rating to the company’s stock. According to MarketBeat.com, Travis Perkins presently has a consensus rating of “Hold” and an average price target of GBX 628.83.

Travis Perkins Price Performance

The company has a debt-to-equity ratio of 56.92, a quick ratio of 0.84 and a current ratio of 1.66. The company has a market capitalization of £1.29 billion, a PE ratio of -7.48, a P/E/G ratio of 6.44 and a beta of 1.30. The company’s 50-day simple moving average is GBX 605.55 and its 200-day simple moving average is GBX 594.77.

Travis Perkins (LON:TPK) last posted its quarterly earnings data on Tuesday, August 4th. The company reported GBX 15.10 EPS for the quarter. Travis Perkins had a negative net margin of 3.81% and a negative return on equity of 9.63%. As a group, sell-side analysts anticipate that Travis Perkins plc will post 59.25 earnings per share for the current year.

Insider Buying and Selling at Travis Perkins

In other Travis Perkins news, insider Jeremy (Jez) Maiden bought 1,483 shares of the firm’s stock in a transaction dated Thursday, August 6th. The stock was acquired at an average price of GBX 669 per share, for a total transaction of £9,921.27. Company insiders own 0.79% of the company’s stock.

Travis Perkins Company Profile

Travis Perkins plc engages in distribution of building material products in the United Kingdom. It operates through Merchanting and Toolstation segments. The company offers tools and building supplies. It also distributes pipeline products, as well as supplies managed services, and commercial and industrial heating and cooling solutions. In addition, the company provides in specialist civils and drainage solutions; and air-conditioning and refrigeration products and heat pumps. Further, it provides insulation and interior building products to interior building specialists, contractors, and builders; and kitchens and joinery products.